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Israel allocates $434 million for 34 new West Bank settlements

The plan includes 12,000 new housing units and major infrastructure work as Finance Minister Bezalel Smotrich calls it a historic step.

  • On Tuesday, Israel's security cabinet approved 1.3 billion shekels for 34 new settlements in the West Bank, part of an 8.5 billion-shekel framework to construct 12,000 new housing units.
  • Finance Minister Bezalel Smotrich, head of the Religious Zionism party, called the decision a "day of celebration for Israel and settlements," stating the expansion aims at "killing the idea of establishing a terrorist state."
  • The government allocated an additional 1.075 billion shekels to pave roads to the settlements; Channel 14 described the agreement as a "giant" step aimed at "changing the face of the region."
  • Amid a rise in settler violence in recent months, about 700,000 Israeli settlers live among 2.7 million Palestinians in the West Bank and East Jerusalem; the UN warns settlements undermine prospects for a two-state solution.
  • International bodies and most countries view the settlements as illegal—a stance Israel disputes—while opinion polls suggest Prime Minister Benjamin Netanyahu may lose the October 27 legislative election.
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12 Articles

ReutersReuters
+4 Reposted by 4 other sources
Center

Israel allocates $434 million for 34 new West Bank settlements

Israel's security cabinet approved a budget of 1.3 billion shekels ($434 million) for establishing 34 new settlements in the occupied West Bank, ​right-wing Finance Minister Bezalel Smotrich said on Tuesday, adding to ‌tensions over territory widely viewed as central to a potential Palestinian state.

·New York, United States
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The Express TribuneThe Express Tribune
+2 Reposted by 2 other sources
Center

Israel signs $2.3b deal to expand West Bank settlements with 12,000 new homes

Israeli media describes deal as 'giant' step aimed at expanding illegal settlements, 'changing face of the region'

·Pakistan
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The Israeli government has signed an 8.5 billion shekel (approximately $2.3 billion) umbrella agreement that includes 12,000 new housing units and infrastructure investments to expand illegal Jewish settlements in the occupied West Bank. The agreement was ratified at a ceremony attended by far-right figures.

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Haberler broke the news on Tuesday, July 14, 2026.
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